Q3 EPS Estimates for Iron Mountain Lifted by Zacks Research

Iron Mountain Incorporated (NYSE:IRM) – Equities researchers at Zacks Research lifted their Q3 2026 earnings per share (EPS) estimates for shares of Iron Mountain in a research note issued on Tuesday, September 2nd. Zacks Research analyst Team now forecasts that the financial services provider will post earnings per share of $1.19 for the quarter, up from their previous estimate of $1.18. The consensus estimate for Iron Mountain’s current full-year earnings is $4.54 per share. Zacks Research also issued estimates for Iron Mountain’s Q4 2026 earnings at $1.29 EPS, FY2026 earnings at $4.73 EPS, Q2 2027 earnings at $1.31 EPS and FY2027 earnings at $5.29 EPS.

Several other analysts also recently issued reports on the company. Barclays lifted their target price on Iron Mountain from $121.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. cut their price target on Iron Mountain from $112.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $120.17.

Iron Mountain Trading Up 1.1%

Shares of IRM opened at $92.12 on Friday. The business’s 50 day moving average is $95.38 and its 200 day moving average is $93.23. The company has a market capitalization of $27.21 billion, a PE ratio of 658.05 and a beta of 1.08. Iron Mountain has a 12-month low of $72.33 and a 12-month high of $130.24.

Iron Mountain (NYSE:IRM) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.05. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.68 billion. Iron Mountain had a negative return on equity of 146.80% and a net margin of 0.66%.The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the company earned $1.08 EPS.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Monday, September 15th will be issued a $0.785 dividend. The ex-dividend date is Monday, September 15th. This represents a $3.14 dividend on an annualized basis and a dividend yield of 3.4%. Iron Mountain’s payout ratio is 2,242.86%.

Insider Buying and Selling

In other news, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $91.05, for a total value of $546,300.00. Following the completion of the transaction, the executive vice president owned 79,081 shares in the company, valued at approximately $7,200,325.05. The trade was a 7.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William L. Meaney sold 69,125 shares of Iron Mountain stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $89.56, for a total value of $6,190,835.00. The disclosure for this sale can be found here. Insiders have sold a total of 236,709 shares of company stock worth $22,555,809 in the last 90 days. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Iron Mountain

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Evolution Wealth Management Inc. purchased a new position in shares of Iron Mountain in the 2nd quarter worth approximately $98,000. Centaurus Financial Inc. boosted its holdings in Iron Mountain by 2.1% during the 2nd quarter. Centaurus Financial Inc. now owns 6,568 shares of the financial services provider’s stock valued at $674,000 after acquiring an additional 134 shares during the period. MASTERINVEST Kapitalanlage GmbH purchased a new position in Iron Mountain during the 2nd quarter valued at $1,891,000. Coppell Advisory Solutions LLC purchased a new position in Iron Mountain during the 2nd quarter valued at $1,336,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in Iron Mountain during the 2nd quarter valued at $416,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers’ work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.